Wireline – WRL ICO Open-Source Cloud Computing Developer Fund?
Wireline is a cloud application marketplace that aims to offer scalable services and one click installs. Find out how it works today in our Wireline review.
What Is Wireline?
Wireline aims to create a marketplace where users can install server apps in one click from an app exchange. Those apps can be built with infinite scale, with no servers to manage and no operating system required.
Meanwhile, developers can market enterprise-grade microservices to a wide range of customers through a convenient, decentralized marketplace.
Overall, Wireline claims to be an “end-to-end platform for the microservice cloud.” It’s the “definitive package manager for the serverless cloud.”
The company is based in New York. The Wireline project has been in stealth development for the past 18 months.
How Does Wireline Work?
Wireline provides an app store for fully managed cloud applications – something that’s widely considered to be the next generation of cloud computing. Wireline focuses on serverless architecture, which helps to “hyperscale” cloud applications. The technology is expected to disrupt a trillion dollars of global IT spending.
Today, most businesses deploy their software on servers – either in-house, in a centralized data center, or managed by cloud hosting systems. Serverless architecture aims to take the industry to the next level, allowing organizations to deploy software with no server ownership or management required.
In short, Wireline aims to create a microservices marketplace where developers can sell their enterprise-grade tools. That marketplace is called the Wireline App Exchange.
On that app exchange, developers publish “Wires”, which are the building blocks of code that can be connected into larger apps. Developers are rewarded for components that are useful and popular, similar to an app store.
IT organizations, meanwhile, can access this marketplace for a one-stop solution for deploying custom applications or installing third party apps built by a community of developers.
Wireline comes complete with all of the APIs needed to implement full-featured production systems, then get those systems running within minutes. Those tools include network APIs, authentication systems, state management systems, a scheduler, secrets management, versioning and more.
Wireline also understands the benefits of a frictionless, in-platform currency. With that in mind, Wireline seeks to create the largest open-source developer fund by launching its ICO. Wireline is launching the WRL token, which will be the currency of the marketplace.
The funds raised from the ICO will be put towards the Wireline Developer Fund, which will be used to encourage developers to build high quality building blocks for applications (the “Wires”).
Wireline is working with Qtum, the open source blockchain projected created by the Singapore-based Qtum Foundation, to bring their decentralized platform to life.
How Do WRL Tokens Work?
The Wireline ICO will sell WRL tokens. WRL tokens and US dollars will be the accepted types of currency on the marketplace. They’ll facilitate payments from cloud consumers and cloud developers.
The funds raised from the ICO won’t just go towards development and marketing of the platform. Instead, they’ll be used to create a fund that benefits all developers.
The ICO will create a blockchain token rewards program where users are awarded WRL tokens in exchange for building software that’s used for wireless architecture cloud and blockchain ecosystems.
A third of the available tokens will be sold to institutional investors. In addition, Wireline claims to be the first ICO that will be used to fund investment in top developers and projects.
Money raised through the ICO will also be used to fund fellowships and grants related to the development of serverless architecture and blockchain innovation.
The WRL tokens will give community members an elevated status in the Wireline ecosystem, compared to those who pay with fiat currencies like USD. Users will enjoy benefits like discounted computing time, priority processing, priority access to procurement opportunities, pricing and promotional tools (for developers), and community moderation privileges.
Who’s Behind Wireline?
Wireline was developed in stealth over the past 18 months by a New York-based team of engineers. That team includes Lucas Geiger, a serial entrepreneur who founded royalty analytics company Keyscores (which provides analytics for companies selling apps on Apple’s app store) and financial consulting firm REDDO Consulting.
Other key members of the team include Rich Burdon, an engineer who was one of the early designers of Google’s Compute Cloud, and Massimo Di Pierro, an author of one of the most important Python frameworks used by thousands of organizations.
The company describes its team as “an all-star team from Google, Amazon, IBM and Salesforces raising the largest open-source developer fund for the next generation of cloud computing.”
The WRL Token Sale
The Wireline token sale opened on October 16 and is scheduled to last 3 months, ending on January 15, 2018.
WRL tokens are ERC20 tokens. 80% of the funds raised from the ICO are going towards the Wireline Developer Fund, while 20% is going to Wireline Inc.
The company is seeking to raise $100,000,000 through its ICO.
Microservices have transformed the tech world. However, microservices are still built on outdated infrastructure – including centralized servers, in-house servers, and centralized cloud infrastructure.
With that in mind, Wireline aims to create a microservices exchange where developers have an opportunity to monetize enterprise-focused projects. It’s a marketplace where businesses can discover, test, and integrate microservices that can be seamlessly combined to build customized solutions.
Wireline has been in stealth development for the past 18 months. The ICO is taking place from October to January. To learn more about the platform, visit online today at Wireline.io.